Credit transfers dominate Cyprus payments, says CBC

Credit transfers remain the most popular non-cash payment method in Cyprus by total transaction value, accounting for 81 per cent, according to a report published on Thursday by the Central Bank of Cyprus (CBC).

Cheques came in second place by value, with an 8 per cent share, confirming their continued significant presence in the local market despite the broader trend toward digitalisation.

The CBC report, which covered payment statistics for the second half of 2024, highlighted...